Hennion & Walsh Asset Management Inc. Has $1.92 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

Hennion & Walsh Asset Management Inc. reduced its stake in Republic Services, Inc. (NYSE:RSG) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,043 shares of the business services provider’s stock after selling 1,364 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Republic Services were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RSG. Capital World Investors increased its holdings in Republic Services by 416.9% during the 4th quarter. Capital World Investors now owns 6,562,420 shares of the business services provider’s stock valued at $1,082,209,000 after purchasing an additional 5,292,862 shares in the last quarter. Norges Bank bought a new position in shares of Republic Services in the fourth quarter valued at about $358,837,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Republic Services during the 4th quarter worth about $77,417,000. Corient Private Wealth LLC increased its position in Republic Services by 136.5% in the 4th quarter. Corient Private Wealth LLC now owns 361,900 shares of the business services provider’s stock valued at $59,681,000 after acquiring an additional 208,902 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Republic Services by 8,931.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 204,028 shares of the business services provider’s stock worth $33,646,000 after purchasing an additional 201,769 shares in the last quarter. Institutional investors own 57.73% of the company’s stock.

Insider Transactions at Republic Services

In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the purchase, the director now owns 540 shares of the company’s stock, valued at $100,040.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Katharine Weymouth purchased 540 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the purchase, the director now directly owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.02, for a total transaction of $1,209,130.00. Following the transaction, the chief marketing officer now owns 6,831 shares in the company, valued at $1,270,702.62. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RSG. Deutsche Bank Aktiengesellschaft assumed coverage on Republic Services in a research report on Thursday, May 23rd. They issued a “hold” rating and a $203.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price for the company. Oppenheimer lifted their price objective on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group upped their price target on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.14.

Republic Services Trading Down 0.2 %

RSG opened at $194.34 on Friday. The firm’s fifty day simple moving average is $188.74 and its 200 day simple moving average is $181.23. The stock has a market capitalization of $61.20 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.26 and a beta of 0.68. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. Republic Services, Inc. has a 12 month low of $140.23 and a 12 month high of $196.76.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. Republic Services’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Republic Services, Inc. will post 6.05 EPS for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.10%. Republic Services’s dividend payout ratio (DPR) is presently 37.54%.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.